Draw it to the previous swing high/low (i.e. the previous bull pin), don't keep going back till you find it.

Nice for a quick few pips to that swing low you are taking your div from, let us know how it worked out.

Can I use MT5 on the spread betting account? Does it have lower spreads also?

Hi, I have a Spread Betting account and was about to put on a live pending sell stop on EurCad. However it gives me the message below, 80 pips! can this be explained? Update: Sorry I guess this means 80 pipettes i.e. 8 pips.

Yes I agree EV, why gamble when price will show it's hand at some point.

Looking at cable today after the huge move up on news during Asian session price has formed a small range, on 4hr. On 15 mins price has dropped below MA's. Could it break down to head back to 1.5450 towards pivot or break the high at 1.5530 and head ...

No problem EV. This is a excellent method and the 15 min TF is perfect not to short not to long for me. Thanks to Acumen for sharing it and yourself for carrying the torch. Wanted to ask if anyone knows what happened to Acumen he doesn't seem to ...

Look's like Carney spoke and it spiked price down, wouldn't have traded so close to high impact news, even though it would have been a big winner, could have easily went the other way.

I can use candlesticks as well, I will post charts with them as it seems most people use them here My pivot point indicators are based on ones posted by hanover, however I have added some bells and whistles (price labels) as I am a coder by day. ...

Hi EV, I learned price action from the J16 thread/private forum so I am kinda used to bars. A BUOB is a bullish outside bar which is similar to engulfing but you just look for the low and high to engulf the low and high of previous bar and you also ...

Realised we are under the pivot so looking for shorts, the I would reinterpret that as a bounce of 1.5300 psych. Looking for a short below low of the BUOB to next midpoint. I am not trading these just getting into the practice of spotting setups.

Drop down through pivot then bounce off mid point, potential short to S1.

On GBPUSD a nice BUOB forming at psych and mid point, worth a long at top up to lows for a quick few pips.

Usually one has a few setups that makes them enter a trade, if there are 10 of these one day but normally only 2 per day then I wouldn't say that is over trading. It would be like saying a car salesman is over selling by selling 50 cars in one month ...

I spotted this one today also, just starting to trade this style, never took it though just looking for setups while I move brokers. I'm encouraged that you posted the same thing as I know you have tremendous experience. I will be looking at the ...

10 trades a day may seem excessive at first glance, however if you are trading 5 pairs over 8 hours then its 2 trades per pair (when you average it out, obviously some days might be 5 n one pair 0 in another) over 8 hours. Also from Calcs stats he ...

Cheers Calc, I'm in the UK also, it's not a bad time zone to live in for trading, my wife is from Greece and they are 2 hours ahead of us so would be even better. Being a night owl I hate waking up early in the morning like yourself. I really ...

Great stats Calculus and another enlightening post, I like the idea of 14% win rate means BE. Regarding the time you are actively watching the market, is this whole London and US sessions or do you limit it to half the session for example or stop ...

Thanks for that Calculus, excellent information, enough to get running with. The quick feedback loop of profit/loss trading this way would let you know quickly how you are doing, and you would also be able to have enough trades to create stats on ...

I saw one of the stop runs yesterday on the euro at the prev days high, then it dropped down to the prev low. 500-1000 bp is excellent, might try these on the days I am at home during the London/US. I guess this is suited to the majors where the ...